Montrose, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Montrose
VICCensus 2021 · Population 6,900
Montrose is a suburb with a population of 6,900, characterized by a slightly older median age of 41 compared to the Victorian average of 38. The area is predominantly family-oriented, with 52.6% of households being couples with children and a high percentage of family households at 79.4%. The suburb has a strong owner-occupier presence, with 36.3% of homes owned outright and 51.5% owned with a mortgage. The housing stock is primarily separate houses, making up 92.0% of the dwellings.
Key Highlights
- Low unemployment rate at 3.1% (vs VIC 5.0%)
- High median household income of $2,088 weekly (vs VIC $1,759)
- Predominantly separate houses at 92.0% (vs VIC 73.4%)
- High percentage of family households at 79.4%
- Significant work-from-home population at 22.8%
Things to Consider
- Lower percentage of residents with bachelor degrees at 21.1% (vs VIC 29.2%)
- Limited public transport usage at 1.4%
- Higher median age of 41 (vs VIC 38)
- Lower cultural diversity with 17.1% born overseas (vs VIC 35.0%)
What's it like living here?
Daily life in Montrose is likely to be centered around family activities, with a significant portion of the population working full-time (56.3%) and a notable 22.8% working from home. The suburb has a high car usage rate for commuting at 56.0%, with public transport being less utilized at 1.4%. The community has a strong local feel, with 82.9% of residents born in Australia and a high percentage speaking only English at home.